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Foundry Daily News

12. Oktober 2008

USA - Automotive supplier invests in Lincoln

A supplier to automakers will spend about $2.5 million to open a 25-employee facility in Lincoln County.

Magna-Tech Manufacturing Corp. of Muncie, Ind., will heat-treat and seal automotive castings that are used in engines and transmissions. The facility will open this year in a Keith Corp. speculative building in the Lincoln County Industrial Park.

Lincoln County is giving the company a total of $41,000 in incentives.

It’s the seventh facility in North and Central America for Magna-Tech. The closest to Charlotte is in Greenville, S.C.

Dan Irvin, Magna-Tech president, hints that more local investment may be coming.

“We look forward to becoming a part of the community, and we are confident that locating in Lincolnton will create new opportunities for all of us.”

In Lincoln County, Magna-Tech will seal porous parts castings using a process called “vacuum impregnation.” During the process, air is removed from the pores of the parts and a resin is used to seal the surfaces.

Pete Acker, chairman of the Lincoln Economic Development Association, says the county’s manufacturers seem to be holding up well during “uncertain economic times.”

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